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2980 Scottsville Rd Bowling Green, KY 42104

Sponsored
For Sale
$1,769,000

Kentucky QSR Investment: 6.5% Cap Rate

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional investment opportunity presents a 13-year ground lease for a 7 Brew Coffee location in Bowling Green, Kentucky. Situated on a 1.54-acre lot at 2980 Scottsville Rd, 42104, this property boasts a strong location across from Kroger and Sam's Club, adjacent to Greenwood Mall, and benefits from high traffic volume (32,000 vehicles per day) on Scottsville Road. The property, built in 2022, offers a substantial net operating income (NOI) of $115,000, translating to a compelling 6.50% capitalization rate. The asking price is $1,769,000. This is a true triple-net (NNN) lease, meaning the tenant is responsible for all property taxes, insurance, and capital expenditures, including roof, structure, and HVAC, providing the investor with zero management responsibilities. The lease includes 10% rent increases every five years and three five-year option periods with further increases. The surrounding area demonstrates strong demographics, with over 43,000 people within a three-mile radius, an average household income exceeding $83,000 within one mile, and a median home value over $230,000 within three miles. This presents a low-maintenance, high-return investment with significant long-term growth potential. The lease term is firmly established for 13 years.

Property Features for 2980 Scottsville Rd

General Information

Property type
Restaurants
Lot Size
67,082 SF

Building Details

Year Built
2022

HighLights

  • Absolute NNN ground lease; no landlord responsibilities.
  • High‑density population: Over 43,000 residents within a 3‑mile radius.
  • Strong demographics: Average household income exceeding $83,000 within 1 mile; median home value over $230,000 within 3 miles.
  • High traffic count: 32,000 vehicles per day on Scottsville Road.
  • Excellent location: Across from Kroger and Sam's Club, adjacent to Greenwood Mall.
  • Long‑term lease: 13 years remaining on a recently extended 5‑year lease.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bowling Green
County
Warren
State
Kentucky
Longitude
-86.4222206
Latitude
36.943771

FAQs

What type of property is this?
Restaurant - Kentucky QSR Investment: 6.5% Cap Rate
Where is this restaurant located?
The property is located at 2980 Scottsville Rd Bowling Green, KY.
What is the asking price?
The asking price for this property is $1,769,000.
What are key features of this property?
This property features: Absolute NNN ground lease; no landlord responsibilities.; High-density population: Over 43,000 residents within a 3-mile radius.; Strong demographics: Average household income exceeding $83,000 within 1 mile; median home value over $230,000 within 3 miles.
More about this property
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